RECAPTURE PERIOD. The minimum number of years for a cession to be reinsured before it is eligible for recapture is 10 years.
RECAPTURE PERIOD. The minimum number of years for a cession to be reinsured before it is eligible for recapture is [number] years. LNL VUL3NY (11/15/2000) A3 10/20/2000 SCHEDULE B REINSURANCE PREMIUMS - YEARLY RENEWABLE TERM BASIS
1. LIFE INSURANCE:
a. For the base policy and the Other Insured Rider, the standard annual reinsurance premium rates per [dollar amount] of Reinsurance Risk Amount are the net of the ALB Annual Cost of Insurance (COI) rates attached to this Schedule B and the following allowances: ----------------------------------------------------------------- Years Preferred Std Non-Tobacco Tobacco ----------------------------------------------------------------- 1-10 [percentage] [percentage] [percentage] ----------------------------------------------------------------- 11+ [percentage] [percentage] [percentage] -----------------------------------------------------------------
b. Where a substandard table rating is applied, the underlying COI rates will be increased by [percentage] per table, and then multiplied by the percentage above.
c. Flat Extra reinsurance premiums are the following percentages of such premiums charged the insured: ------------------------------------------------------------------- Permanent flat extra premiums (for more than 5 years duration) ------------------------------------------------------------------- First Year [percentage] ------------------------------------------------------------------- Renewal Years [percentage] ------------------------------------------------------------------- ------------------------------------------------------------------- Temporary flat extra premiums (for 5 years or less duration) ------------------------------------------------------------------- All Years [percentage] -------------------------------------------------------------------
d. There will be no reinsurance premium charged for the Automatic Increasing Benefit Rider.
RECAPTURE PERIOD. The Parties agree the recapture period of the Project is ten (10) years, commencing on the date the Secretary or the LPA gives notice of final acceptance of the Project.
RECAPTURE PERIOD. The minimum number of years for a policy to be reinsured before it is eligible for recapture is 10 years. Smoker Year Smoker ----- --------------------- 1 0% 2- 10 158% + $.10 per $1000 11+ 113% + $.10 per $1000 Substandard reinsurance premiums shall be at the appropriate multiple of the standard rates.
RECAPTURE PERIOD. Recapture will be allowed after ten years.
RECAPTURE PERIOD. Recapture will be allowed after 15 years. This period will be based on the effective date of this Agreement.
RECAPTURE PERIOD. Number of years: 10 years
RECAPTURE PERIOD. In the case of the first Triggering Event, compensation subject to recapture may include Recapture Eligible Compensation (as defined below) paid to the Executive for up to two years prior to the Triggering Event.
RECAPTURE PERIOD. Recapture will be allowed after ten years. We reserve the right to recapture all business in force under this Agreement after such business has been in force for ten years.
RECAPTURE PERIOD. An in-force policy shall not be eligible for recapture until it has been reinsured for the minimum number of years as specified in Exhibit D.4. The effective date of the reduction in reinsurance shall be the later of:
(a) the first policy anniversary following the expiration of the ninety (90) day notice period to recapture; or
(b) the policy anniversary date when the required minimum number of years is attained; or
(c) a mutually agreed effective date between the Ceding Company and MARC.
